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Walk Away

Walk Away PDF Author: Douglas E. French
Publisher: Ludwig von Mises Institute
ISBN: 1610163095
Category : Default (Finance)
Languages : en
Pages : 95

Book Description
This elegant and fact-filled book by Doug French examines the background to the case of "strategic default," or walking away from your home, and considers its implications from a variety of different perspectives. The thesis here is that there is nothing ominous or evil about this practice. It is an extension of economic rationality. -- from Mises Institute website

Walk Away

Walk Away PDF Author: Douglas E. French
Publisher: Ludwig von Mises Institute
ISBN: 1610163095
Category : Default (Finance)
Languages : en
Pages : 95

Book Description
This elegant and fact-filled book by Doug French examines the background to the case of "strategic default," or walking away from your home, and considers its implications from a variety of different perspectives. The thesis here is that there is nothing ominous or evil about this practice. It is an extension of economic rationality. -- from Mises Institute website

The Failure of Common Knowledge (LFB)

The Failure of Common Knowledge (LFB) PDF Author:
Publisher: Laissez Faire Books
ISBN: 1621290484
Category :
Languages : en
Pages : 123

Book Description


The Occupy Movement Explained

The Occupy Movement Explained PDF Author: Nicholas Smaligo
Publisher: Open Court
ISBN: 0812698819
Category : Political Science
Languages : en
Pages : 174

Book Description
The Occupy Movement Explained is a readable, compact account and analysis of the Occupy protests, by a scholar who participated in several Occupy events. The book is thoroughly researched, painstakingly accurate, and fully documented. It debunks a number of myths and misunderstandings that have become rife. Nicholas Smaligo shows how the movement arose out of radical currents that have been active below the media's radar since the 1970s. Occupiers are not all the same, and the author reviews some of the debates and changes within the movement. The occupations began under a slogan that conjured up a naive sense of unity—"We Are the 99%!" It did not take very long for that sense of unity to give way to an appreciation of just how socially, economically, and ideologically fragmented American society is. For some, this was an excuse to return to their cynicism—for others, it was an invitation to lose their illusions and begin to see the world from the viewpoint of political activists. The Occupy Movement Explained describes this process of education and the lessons learned about "the 99%", the police, direct democracy, political demands, and the intimately related questions of social change, violence and property.

The Tea Party Explained

The Tea Party Explained PDF Author: Yuri Maltsev
Publisher: Open Court
ISBN: 081269838X
Category : Political Science
Languages : en
Pages : 216

Book Description
The Tea Party showed its strength in the 2010 mid-terms. Despite the opposition of leading Republicans like Dick Cheney, Karl Rove, and Lindsey Graham, 140 Tea Party candidates ran for Congress. Of the sixty House seats which moved from Democratic to Republican control, twenty-eight were won by Tea Party candidates. At the movement’s height, 29 percent of Americans had “some ties” to the Tea Party, while 2 percent identified themselves as active members. The Tea Party first attracted the media spotlight with Rick Santelli’s televised rant against the government’s bailout of mortgage borrowers on February 19, 2009, which instantly went viral as a video. As the authors document, however, “tea parties” associated with the Ron Paul movement had already been gathering momentum for more than a year. Beginning as a protest against government spending sprees and ballooning deficits, the Tea Party’s sudden fame forced it to define itself on many issues where the membership was seriously divided. The Tea Party is a coalition of different outlooks, united only by belief in small, debt-free government and low taxes. Fiscal conservatives, who were usually liberal on social issues and against American military interventions, battled social conservatives, in an uneasy series of maneuvers which continues unresolved and is described in the book. The Tea Party Explained, written by two Tea Party activists who know the movement inside and out, is aimed at the intrigued and curious reader who wants to find out more about this unique phenomenon. The book gives a well-documented account of the Tea Party, its origins, its evolution, the bitter squabbles over its direction, its amazing successes in 2010, and its electoral rebuff in 2012. Maltsev and Skaskiw analyze the demographics of the Tea Party, the many organizations which have tried to represent, appropriate, or infiltrate the movement, and the ideological divisions in its ranks. The authors evaluate the strengths and weaknesses of the Tea Party and its likely future impact. A movement with strong local roots in many cities, firmly supported by a quarter of the US population, will not evaporate after one big defeat, and can be counted on to influence events for decades to come.

Cities in Global Capitalism

Cities in Global Capitalism PDF Author: Ugo Rossi
Publisher: John Wiley & Sons
ISBN: 0745689701
Category : Social Science
Languages : en
Pages : 168

Book Description
In what ways are cities central to the evolution of contemporary global capitalism? And in what ways is global capitalism forged by the urban experience? This book provides a response to these questions, exploring the multifaceted dimensions of the city-capitalism nexus. Drawing on a wide range of conceptual approaches, including political economy, neo-institutionalism and radical political theory, this insightful book examines the complex relationships between contemporary capitalist cities and key forces of our times, such as globalization and neoliberalism. Taking a truly global perspective, Ugo Rossi offers a comparative analysis of the ways in which urban economies and societies reflect and at the same time act as engines of global capitalism. Ultimately, this book shows how over the past three decades capitalism has shifted a gear – no longer merely incorporating key aspects of society into its system, but encompassing everything, including life itself – and illustrates how cities play a central role within this life-oriented construction of global capitalism.

The Myth of Fair and Efficient Government

The Myth of Fair and Efficient Government PDF Author: Michael L. Marlow
Publisher: Bloomsbury Publishing USA
ISBN:
Category : Political Science
Languages : en
Pages : 298

Book Description
A fascinating exposé explaining why the government we have bears so little relation to the government we want—and why the recent expansion of government programs will only exacerbate the problem. Idealized views of government lead to bitterly unhappy citizens posits The Myth of Fair and Efficient Government: Why the Government You Want Is Not the One You Get. In fact, Michael L. Marlow says, government is the last place to look for efficiency. It is, rather, private markets that naturally drive toward efficient outcomes and it is unreasonable to expect governments to mimic those effects. This idea will startle many readers, especially given the widespread belief that private markets caused the current economic problems. The author's intention is to awaken readers to the invalidity of that assumption, to make us "pause before calling upon the government to somehow be efficient and fair in responding to the supposed collapse of private markets." To that end, this book demonstrates why romantic views of government promote a less efficient economy; why so many government programs are inefficient in practice; and why a more limited role for government is critical to reviving trust in our institutions.

Early Speculative Bubbles and Increases in the Supply of Money

Early Speculative Bubbles and Increases in the Supply of Money PDF Author:
Publisher: Ludwig von Mises Institute
ISBN: 1610164555
Category : Business & Economics
Languages : en
Pages : 147

Book Description
The Housing Bubble was hardly the first in human history. What's eluded historians is the same issue that eludes commentators today: the underlying cause of bubbles. This book is the first (and only) book to solve the mystery of the most famous bubble in world history: Tulipmania in 17th century Netherlands. It Is a legendary event but explanations have been lacking. People blame irrational exuberance, free markets, and an unleashed aristocracy. Douglas French takes a different route: he follows the money to prove that the bubble resulted from a government intervention that dramatically exploded the money supply and fueled the tulip-price bubble – not altogether different from modern bubbles. This book was French’s Master’s thesis written under the direction of Murray Rothbard and examining three of the most famous speculative bubble episodes in history through the lens of Austrian Business Cycle Theory. Although each of these episodes is well documented, this book examines the monetary interventions that engendered each of these events showing that not only the Mississippi Bubble and the South Sea Bubble were caused by government meddling, but Tulipmania was as well. Tulipmania was unique in that it was the sound money policy of the Dutch combined with free coinage laws that led to an acute increase in the supply of money and fostered an atmosphere that was ripe for speculation and malinvestment, manifesting itself in the intense trading of tulip bulbs. The author examines not only the Mississippi Bubble but also the life and monetary theories of its architect, John Law. Professor Joe Salerno calls Law the world’s first macroeconomist who implemented a Keynesian monetary system in France nearly two hundred years before Keynes was born. At the same time across the English Channel, a nearly bankrupt British government looked on with envy at Law’s system, believing that he was working a financial miracle. It was anything but this and investors in both countries were devastated. Although these episodes occurred centuries ago, readers will find the events eerily similar to today’s bubbles and busts: low interest rates, easy credit terms, widespread public participation, bankrupt governments, price inflation, frantic attempts by government to keep the booms going, and government bailouts of companies after the crash. When will we learn? We first have to get cause and effect in history straight. This book is an excellent contribution to that effort.

Better, Stronger, Faster

Better, Stronger, Faster PDF Author: Daniel Gross
Publisher: Simon and Schuster
ISBN: 1451621361
Category : Business & Economics
Languages : en
Pages : 340

Book Description
Financial meltdown, a deep recession, and political polarization—combined with strong growth outside the United States—have led to a global bubble of pessimism surrounding America’s economic prospects. Bloated with debt, and outpaced by China and other emerging markets, the United States has been left for dead as an economic force. But in this time of grim predictions, Daniel Gross, Yahoo! financial columnist and author of Dumb Money, offers a refreshingly optimistic take on our nation’s economic prospects, examining the positive trends that point to a better, stronger future. Widely respected for his Newsweek and Slate coverage of the crash and the recovery, Daniel Gross shows that much of the talk about decline is misplaced. In the wake of the crash, rather than accept the inevitability of a Japan-style lost decade, America’s businesses and institutions tapped into the very strengths that built the nation’s economy into a global powerhouse in the first place: speed, ingenuity, adaptability, pragmatism, entrepreneurship, and, most significant, an ability to engage with the world. As the United States wallowed in self-pity, the world continued to see promise in what America has to offer—buying exports, investing in the United States, and adopting American companies and business models as their own. Global growth, it turns out, is not a zero-sum game. Better, Stronger, Faster is an account of the remarkable reconstruction and reorientation that started in March 2009, a period that Gross compares to March 1933—as both marked the start of unexpected recoveries. As the U.S. public sector undertook aggressive fiscal and monetary actions, the private sector sprang into action. Companies large and small restructured, tapped into long-dormant internal resources, and invested for growth, at home and abroad. Between 2009 and 2011, as Europe struggled with a cascade of crises, the U.S. got back on its feet—and began to run. Through stories of innovative solutions devised by policy makers, businesses, investors, and consumers, Gross explains how America has the potential to emerge from this period, not as the unrivaled ruler of the global economy but as a healthier leader and an enabler of sustainable growth.

Sorting Out the Mixed Economy

Sorting Out the Mixed Economy PDF Author: Amy C. Offner
Publisher: Princeton University Press
ISBN: 0691205205
Category : Business & Economics
Languages : en
Pages : 402

Book Description
The untold story of how welfare and development programs in the United States and Latin America produced the instruments of their own destruction In the years after 1945, a flood of U.S. advisors swept into Latin America with dreams of building a new economic order and lifting the Third World out of poverty. These businessmen, economists, community workers, and architects went south with the gospel of the New Deal on their lips, but Latin American realities soon revealed unexpected possibilities within the New Deal itself. In Colombia, Latin Americans and U.S. advisors ended up decentralizing the state, privatizing public functions, and launching austere social welfare programs. By the 1960s, they had remade the country’s housing projects, river valleys, and universities. They had also generated new lessons for the United States itself. When the Johnson administration launched the War on Poverty, U.S. social movements, business associations, and government agencies all promised to repatriate the lessons of development, and they did so by multiplying the uses of austerity and for-profit contracting within their own welfare state. A decade later, ascendant right-wing movements seeking to dismantle the midcentury state did not need to reach for entirely new ideas: they redeployed policies already at hand. In this groundbreaking book, Amy Offner brings readers to Colombia and back, showing the entanglement of American societies and the contradictory promises of midcentury statebuilding. The untold story of how the road from the New Deal to the Great Society ran through Latin America, Sorting Out the Mixed Economy also offers a surprising new account of the origins of neoliberalism.

Public Housing Myths

Public Housing Myths PDF Author: Nicholas Dagen Bloom
Publisher: Cornell University Press
ISBN: 0801456258
Category : Social Science
Languages : en
Pages : 295

Book Description
Popular opinion holds that public housing is a failure; so what more needs to be said about seventy-five years of dashed hopes and destructive policies? Over the past decade, however, historians and social scientists have quietly exploded the common wisdom about public housing. Public Housing Myths pulls together these fresh perspectives and unexpected findings into a single volume to provide an updated, panoramic view of public housing. With eleven chapters by prominent scholars, the collection not only covers a groundbreaking range of public housing issues transnationally but also does so in a revisionist and provocative manner. With students in mind, Public Housing Myths is organized thematically around popular preconceptions and myths about the policies surrounding big city public housing, the places themselves, and the people who call them home. The authors challenge narratives of inevitable decline, architectural determinism, and rampant criminality that have shaped earlier accounts and still dominate public perception.